Australian design software company Canva has confirmed it will cut more than 1,000 roles, with affected staff either losing their jobs or being asked to move into different positions, CEO Melanie Perkins announced. Perkins described the past year as the company's hardest yet, saying the restructuring was necessary to reposition the business for sustainable growth amid intensifying competition in the design and artificial intelligence sectors. The Sydney-based firm, valued at roughly US$32 billion in its last major funding round, has expanded rapidly in recent years, and the decision marks one of its most significant workforce reductions to date.
The announcement adds Canva to a growing list of technology companies trimming staff as investors shift focus from expansion toward profitability. Company officials said affected employees would receive support, though specific details on severance and redeployment numbers were not immediately disclosed. The cuts are expected to affect teams across multiple markets, including Canva's Australian headquarters and overseas offices. Industry analysts noted that the move underscores pressure on high-valuation software firms to demonstrate financial discipline while continuing to invest in AI-driven products. Canva has not indicated whether further restructuring is planned, and the company said it remains committed to its long-term growth strategy.
Independent reporting synthesized from primary wires and global correspondents.